Welcome Guest to Happi

Subscribe Free: Magazine | eNewsletter

current issue December 2014
 •  Charlotte Tilbury Channels Hollywood  •  Croda Reveals Findings on Volarest FL  •  Lubrizol Joins Roundtable on Sustainable Palm Oil  •  Antitrust Regulator in France Fines Major Companies  •  Paradigm Science‚Äôs Cervino Wins Award
Print

French Beauty Makers Face Fines



Published November 30, 2010
Related Searches: products cosmetics brand companies
Post a comment
France’s leading prestige beauty players may have to pay out a total of 46.2 million euros, or $61.8 million at current exchange, in fines for cartel activities dating from more than a decade ago.

The Cour de Cassation, France’s highest court, last week overturned a 2009 appeals court decision dismissing the case for allegations of price-fixing practices between 1997 and 2000.

A spokeswoman for the Autorité de la Concurrence, whose predecessor, the Conseil de la Concurrence, sentenced 13 of France’s leading cosmetics manufacturers to pay the fines back in 2006, said this means the fines are once again due. She expects the companies concerned to appeal the Cour de Cassation’s decision.

“L’Oréal’s Luxury Products Division has taken note of the Cour de Cassation’s decision of Nov. 23 and reiterates its position whereby the company did not take part in any price-fixing agreement whatsoever with distributors of its brands,” stated a spokeswoman for L’Oréal, which is liable for a total of 4.1 million euros, or $5.5 million.


blog comments powered by Disqus